Hoorcolleges 1 t/m 11 van Capita Selecta Ondernemingsrecht
33 views 2 purchases
Course
Capita Selecta Ondernemingsrecht
Institution
Tilburg University (UVT)
Hoorcolleges 1/tm 11 van Capita Selecta Ondernemingsrecht inclusief het gastcollege van ING. De colleges zijn uitvoerig uitgewerkt (bijna getranscribeerd).
Hoorcolleges
Capita Selecta
OR
Hoorcolleges 1 t/m 10
Diederick Luijckx 2055411
,Docenten:
dr. mr. G.H.J. van der Sangen
R. van Meerwijk LLM
1
,Inhoud
College 1 – De organisatie van grensoverschrijdende concerns.............................................................7
Regulatory Competition..................................................................................................................8
Vormgeving concern binnen EU: een aantal stappen.........................................................................8
Stap 1: Selectie van jurisdictie voor zetel van moeder/ hoofdkantoor (het centrum van
bestuursactiviteiten).......................................................................................................................8
Stap 2: De wijze van organisatie van grensoverschrijdende bedrijfsactiviteiten over verschillende
jurisdicties (11 EG-Richtlijn)............................................................................................................9
Stap 3: Financiering van de groepsmaatschappij via de moedermaatschappij M........................10
Jurisdictiekeuze M (‘listed’ or ‘closed’ company) doorgaans dus geen bewuste keuze ...............11
Groei van het concern..................................................................................................................11
Branchestructuur EU v VS.............................................................................................................12
Moeder en concernmaatschappijen.............................................................................................12
Corporate governance van ‘listed’ company (zie week 4 en 5).....................................................13
Structuur multinational binnen EU...............................................................................................14
Medenzeggenschap (met onderstaand voorbeeld ter illustratie)....................................................15
Vergelijking EU Vennotschaps- en effectenrecht met SE en VS (I)................................................17
Vergelijking EU Vennootschaps- en effectenrecht met SE en VS (II).............................................17
College 2 – De invloed van het Europese recht op grensoverschrijdende concerns.............................17
Vrijheid van ondernemerschap........................................................................................................18
Recht van vrije vestiging/ freedom of establishment.......................................................................19
Art. 54 TFEU/VWEU......................................................................................................................20
Hoe kun je je vrijheid van vestiging uitoefenen?..........................................................................20
Typen van vrije vestiging..............................................................................................................21
Incorporatie/ statutaire versus werkelijke zetelleer.....................................................................21
Invloed van het HvJ EG nu HvJ EU op de werking van recht van vrije vestiging ...........................22
EU-harmonisatieprogramma dit gaat minder goed.....................................................................23
EU-instrumenten..........................................................................................................................24
Regulatory competition als alternatief ter bereiking van Company Law-convergence.................25
Ontwikkelingen personenvennootschappen....................................................................................25
Vennootschap onder firma/ CV....................................................................................................27
Vennootschap onder firma (VOF).................................................................................................27
Werkgeverschap vennootschap onder firma................................................................................28
Beheerverbod commanditaire vennootschap (CV) = bijzondere vorm van VOF...........................28
College 3 – Financiering van de BV.......................................................................................................30
2
, Aandeelhoudersfinanciering.............................................................................................................30
Financieringsvrijheid van aandeelhouders...................................................................................30
Welke mate van financiering?......................................................................................................31
Welke vorm van financiering?......................................................................................................32
KAPITAAL EN BEGRIPPEN (1)............................................................................................................33
Kapitaal en begrippen 2....................................................................................................................33
Aandeelhouderslening......................................................................................................................34
RESUMÉ............................................................................................................................................35
Vrijheid om binnen bepaalde grenzen vermogen te onttrekken......................................................35
Flex BV & crediteurenbescherming (I)..........................................................................................35
Flex BV & crediteurenbescherming (II).........................................................................................35
Flex BV & crediteurenbescherming (III)........................................................................................36
Flex BV & crediteurenbescherming (IV)........................................................................................36
Flex BV & crediteurenbescherming (V).........................................................................................37
Flex BV & crediteurenbescherming (VI)........................................................................................38
Flex BV & crediteurenbescherming (VII).......................................................................................39
Noodzaakfinanciering (I)...................................................................................................................41
Ondernemingskamer....................................................................................................................41
Wat zegt de HR hierover? HR Interacces.....................................................................................42
Reservering gemaakte winst.........................................................................................................43
AANDELEN....................................................................................................................................44
Extra verplichtingen m.b.t. aandelen............................................................................................44
College 4 - Financiering van het concern via de beurs..........................................................................45
Centrale vraag deze week.................................................................................................................45
Het regelgevende kader beursgang (EU Regulatory framework listed firms)...................................46
Kapitaalmarktrecht = EU regelgeving...........................................................................................46
Beurs-NV recht (vennootschapsrechtelijk)...................................................................................46
Motieven going public......................................................................................................................46
Gevolgen van de beursgang op governance en internal control van de groep.................................47
Beursintroductie...............................................................................................................................48
Who owns the firm? Zeggenschap van beleggers.............................................................................49
De Beursgang als kapitaalmarktransactie.........................................................................................51
Prospectus........................................................................................................................................52
Toelating tot de notering..................................................................................................................52
Being public: doorlopende disclosure ex Transparantie RL..............................................................53
Being public: market abuse..............................................................................................................53
3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller diederickluijckx. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.92. You're not tied to anything after your purchase.
